Where News Meets Analysis

Day: March 24, 2019

24 March 2019: Indian banks are famous for dragging their feet in taking decisions over soured loans. In the past, they had the full support of their regulator, the Reserve Bank of India (RBI), although that backing has waned in… Read More ›

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24 March 2019: The National Company Law Appellate Tribunal (NCLAT) has set aside the order to liquidate Jyoti Structure and asked the Mumbai bench of NCLT to consider the Rs 4,000-crore resolution plan submitted by Sharad Sanghi and others. Allowing the appeal… Read More ›

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24 March 2019: As much as Rs 3 lakh crore of investment in a dozen power plants of the private sector is at risk of turning into non-performing asset as states buying power have not been making payment for months,… Read More ›

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24 March 2019: Lenders to cash-strapped Jet Airways plan to sell their stake in the airline through an open auction process over the next two months, seeking maximum value for the asset. In the meantime, the consortium led by State Bank of… Read More ›

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24 March 2019: The mounting pressure on banks to improve financial profile through recoveries has prompted lenders to send an ‘SOS’ to the finance ministry on the tardy decision making and pile-up of cases at the Debt Recovery Tribunals (DRTs) and its… Read More ›

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